Pyxis Finvest Limited Discloses Related Party Transactions for Half Year and Year Ended 31 March 2026
Pyxis Finvest Limited disclosed its Related Party Transactions for the half year and year ended 31 March 2026, as required under Regulation 23(9) of SEBI LODR Regulations, 2015. The transactions include remuneration of Rs. 0.18 crore to Promoter Director Uttam Bharat Bagri and Rs. 0.06 crore to CFO Utsav Uttam Bagri, broking and demat services worth Rs. 0.01 crore from BCB Brokerage Pvt Ltd, an unsecured loan of Rs. 4.4 crore at 15% interest for 11 months for working capital purposes, and interest on loan amounting to Rs. 0.19 crore. All transactions were within audit committee-approved limits and were filed with BSE Limited on 18 May 2026.

*this image is generated using AI for illustrative purposes only.
Pyxis Finvest Limited has submitted its disclosure of Related Party Transactions (RPTs) for the half year and year ended 31 March 2026, pursuant to Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was made to the Department of Corporate Services, BSE Limited, on 18 May 2026, and was digitally signed by Company Secretary Yojana R. Pednekar.
Related Party Transactions Overview
The disclosure covers five distinct transactions involving Pyxis Finvest Limited and its related parties, spanning remuneration to key personnel, broking and demat services, and loan-related transactions. All transactions were reported with nil opening and closing balances unless otherwise specified.
The following table summarises the RPTs disclosed for the reporting period:
| Transaction Detail: | Details |
|---|---|
| Reporting Period: | Half year and year ended 31 March 2026 |
| Filing Date: | 18 May 2026 |
| Regulatory Reference: | Regulation 23(9), SEBI LODR Regulations, 2015 |
Transaction-Wise Disclosure
The detailed breakdown of each related party transaction, as disclosed in Annexure 1, is presented below:
| S. No: | Counterparty | Relationship | Transaction Type | Approved Limit | Value During Period |
|---|---|---|---|---|---|
| 1 | Uttam Bharat Bagri | Promoter Director | Remuneration | Upto Rs. 0.84 Crore p.a. | Rs. 0.18 crore |
| 2 | Utsav Uttam Bagri | CFO - Part of Promoter Group | Remuneration | Rs. 0.12 Crore p.a. | Rs. 0.06 crore |
| 3 | BCB Brokerage Pvt Ltd | Company under common management | Broking and Demat Services | Upto Rs. 0.10 Crore p.a. | Rs. 0.01 crore |
| 4 | BCB Brokerage Pvt Ltd | Company under common management | Loan | Upto Rs. 100 Crore | Rs. 4.4 crore |
| 5 | BCB Brokerage Pvt Ltd | Company under common management | Interest on Loan | Upto Rs. 100 Crore | Rs. 0.19 crore |
Loan Transaction Details
Among the disclosed transactions, the loan extended to BCB Brokerage Pvt Ltd carries specific terms as reported in the filing. The key parameters of this loan are as follows:
- Nature: Unsecured loan
- Interest Rate: 15%
- Tenure: 11 months
- End-Usage: Working capital
- Opening Balance: Nil
- Closing Balance: Nil
The interest on this loan, amounting to Rs. 0.19 crore during the reporting period, was also disclosed separately under the audit committee-approved limit of Upto Rs. 100 Crore.
Compliance and Filing Details
The disclosure was filed in accordance with Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. All transactions were conducted within the limits approved by the audit committee, and opening as well as closing balances for remuneration and broking transactions were reported as nil. The filing was submitted on behalf of Pyxis Finvest Limited by Company Secretary Yojana R. Pednekar.
Historical Stock Returns for Pyxis Finvest
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -67.25% |
Will Pyxis Finvest increase its loan exposure to BCB Brokerage beyond the current Rs. 4.4 crore utilization, given the approved limit of Rs. 100 crore, and what would drive such expansion?
How might SEBI's evolving regulatory stance on related party transactions impact Pyxis Finvest's future dealings with BCB Brokerage Pvt Ltd, particularly for unsecured loans at 15% interest?
Could the concentration of related party transactions with a single entity, BCB Brokerage Pvt Ltd, raise corporate governance concerns among institutional investors or proxy advisory firms in upcoming shareholder meetings?































